Question:

How can I check out a car donation charity or program?

There are specific Internal Revenue Service regulations on donating cars. The IRS has approved many different types of organizations that accept charitable car donations and then use the proceeds from the sale of the vehicles for charitable purposes and provide the donor with a tax deduction. Remember: choose only IRS-approved car donation charities if you want to take a deduction, and deduct only up to fair market value for the car.

The IRS can answer your tax questions on tax deductions on car donations and can provide tax forms, publications, and other reading materials for further assistance. IRS materials are accessible through the Internet at www.irs.gov, through telephone ordering at (800) 829-3676, and at IRS walk-in offices in many areas across the country. The IRS also must make available the charity's application for tax exemption, determination letter, and Form 990.

Many states require charities that solicit contributions to register and file certain documents with a state charity regulator, such as the state attorney general or the secretary of state. Most charities must file in their state of incorporation and in other states where they have activities. Many of the state charity officials provide useful information about charities and fundraisers on web sites and in brochures and publications.

A charity must make available for public inspection its application for tax exemption, its determination letter, and its most recent annual information returns (Forms 990). A charity also must provide copies of these documents upon request (unless it makes the documents widely available). A charity may not charge you for inspecting the documents, but it may charge a reasonable fee for copying and mailing the documents.

Recent Car Donation Questions

Q.
What if the car being donated is a collector`s item, rather than a standard vehicle ?, I have a collection and selling is such a hassle, I would rather donate this car instead, but the valuation would need to be fair market based on my investment in the vehicle.
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Q.
what percentage of a donated vehicle may I right off? does the tax bracket I fall in impact the amount of the right off?
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Q.
Am I liable for towing costs a collection agency is demanding after I donated a car to charity? The charity sold/disposed of the car, the buyer incurred the costs before my name cleared from DMV records. Receipts and letters from the charity (included the name of the new owner) have not persuaded the collection agency.
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Q.
where can i get a handicap place card for my car? it hangs in rear view mirror. thanks
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